Commercial Lines

Detroit is poised to default on about $641 million of its general obligation bonds on Tuesday, an event that is likely to spur a legal challenge over Detroit's decision to take tax money earmarked for bond payments and apply it instead to city needs.

Detroit is poised to default on about $641 million of its general obligation bonds on Tuesday, an event that is likely to spur a legal challenge over Detroit's decision to take tax money earmarked for bond payments and apply it instead to city needs.

Pricing and breadth of coverage continues to favor buyers of D&O policies, but it still takes an informed consumer to secure the right coverage at the right price. Here are tips to keep in mind when obtaining D&O coverage.

Insurers nursing hefty losses from severe spring floods in Europe face paying out a similar amount again after areas of Germany and France were repeatedly pounded by grapefruit-sized hail stones over the summer.

Stockton, California said on Friday it had struck tentative deals opening the door to settlements with two major creditors, and putting the city at the "beginning of the end" of its bankruptcy case.

Florida Realtors are joining the outcry against some of the flood insurance rates mandated by a 2012 federal law, arguing that implementation of a provision mandating immediate application of actuarial rates when a home is sold will bring Floridas housing recovering to a screeching halt.